Yeong Guan Energy Tech Group (1589 TT): Formidable Wind Power Potentials

2021-11-03 Non-Tech
Yeong Guan Energy Tech Group (1589 TT): Formidable Wind Power Potentials
  • YGG perfectly fits to ESG: European Commission (EU)’s Fit for 55, coupled with US-China trade war tension bring wind power opportunities to YGG.
  • Global wind power demand expected to remain strong with Net Zero by 2050.  
  • Eyeing on bright long-term future despite muted outlook in 2022: YGG targets to increase annual capacity to 250KT in 3-5 years; to reach 300KT in 5-10 years from 200KT in 2020
  • New Taichung plant pilot run in 2022 and expected to ship 10k tons.
  • Minimal impact from China electricity supply constrain.